All posts tagged: BusinessNetworkingMumbai

A to Z of Digital Transformation

Today every part of the business is subject to new expectations, competitors, channels, threats, and opportunities. Every business has the potential to be a digital business. Businesses that digitally transform will be able to connect more closely with customers, speed up the pace of innovation and, as a result, claim a greater share of profit in their sectors. Today digitally transformed companies have an edge; tomorrow, only digital businesses will succeed. Here is my version of the A-Z of Digital Transformation. Artificial Intelligence: AI is the capability of a machine to imitate intelligent human behavior. BMW, Tesla, Google are using AI for self-driving cars. AI should be used to solve real-world tough problems like climate modeling to disease analysis and betterment of humanity Big Data: This serves as a foundational backbone for digital transformation. Hyper-personalization and real-time recommendations based on the geo-location of the customers will be the key to success. Big Data Analytics is the driving force for action. Customer Centricity: The most important theme of digital transformation is it should be customer-focused with a consistent, enjoyable and very personal experience to customers. Disruption: Digital has disrupted many businesses so far who did not take it seriously like Blockbuster, Kodak, Borders and brought new […]

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